As tech pressure mounts, global stock markets are on the decline. Key indexes show negative trends, and investor attention is focused on upcoming Federal Reserve announcements.
State of the US Market
This week was challenging for Wall Street as stocks of major tech companies like Nvidia, AMD, and Palantir fell, dragging down the Nasdaq by more than 1%. Investors who had previously invested heavily in AI-related stocks are now pulling back, fearing overheating prices. Palantir, one of the year's biggest winners, plunged nearly 10%, while Nvidia also showed negative dynamics.
Decline in Asian Markets
Asian markets mirrored Wall Street's slide. Japan's Nikkei dropped nearly 2% amid heavy selling pressure on semiconductor stocks. Taiwan's TSMC tumbled almost 4%, which also dragged the Taiex index down. In South Korea, the Kospi slid due to investor concerns about chip stocks and rising geopolitical tension with North Korea.
Brief Overview of European Markets
European markets are also set for a softer start. Futures indicate declines in London, Paris, Frankfurt, and Milan. Investors are becoming cautious ahead of the U.K. inflation data and the European Central Bank's decisions. Europe's main focus is on expectations from Jerome Powell's speech, which could influence global markets.
Investor attention is concentrated on the upcoming Federal Reserve announcements, which could impact market dynamics in the coming weeks, including possible changes in monetary policy.
